Greater Midwest Financial Group LLC Increases Stock Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Greater Midwest Financial Group LLC raised its position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 20.3% in the fourth quarter, Holdings Channel reports. The firm owned 83,552 shares of the company’s stock after acquiring an additional 14,118 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 3.0% of Greater Midwest Financial Group LLC’s holdings, making the stock its 9th biggest holding. Greater Midwest Financial Group LLC’s holdings in JPMorgan Equity Premium Income ETF were worth $4,807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JEPI. JPMorgan Chase & Co. raised its holdings in JPMorgan Equity Premium Income ETF by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,389,179 shares of the company’s stock worth $1,332,380,000 after acquiring an additional 3,536,406 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of JPMorgan Equity Premium Income ETF by 1.3% in the second quarter. Cetera Investment Advisers now owns 4,188,012 shares of the company’s stock worth $237,377,000 after purchasing an additional 52,301 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of JPMorgan Equity Premium Income ETF by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 3,665,017 shares of the company’s stock valued at $218,105,000 after purchasing an additional 285,180 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.4% during the third quarter. HighTower Advisors LLC now owns 3,573,526 shares of the company’s stock valued at $212,643,000 after buying an additional 83,858 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its holdings in JPMorgan Equity Premium Income ETF by 5.9% in the 2nd quarter. RiverFront Investment Group LLC now owns 3,005,845 shares of the company’s stock worth $170,371,000 after buying an additional 166,821 shares in the last quarter.

JPMorgan Equity Premium Income ETF Stock Performance

Shares of NYSEARCA:JEPI opened at $59.14 on Friday. The business has a 50-day simple moving average of $58.93 and a two-hundred day simple moving average of $58.48. The firm has a market cap of $34.71 billion, a price-to-earnings ratio of 24.40 and a beta of 0.53. JPMorgan Equity Premium Income ETF has a fifty-two week low of $54.77 and a fifty-two week high of $60.88.

JPMorgan Equity Premium Income ETF Profile

The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income.